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In the topic of organizational accounting, why is the budget important in medical clinics or hospitals?

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Accounting

In the topic of organizational accounting, why is the budgetimportant in medical clinics or hospitals?

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Finance teams look to reengineer inefficient and ineffective budgeting and planning methodologies and tools they realize that one approach cant be right for every hospital or healthcare provider An optimal process is often a function of an organizations culture or even the competitiveness of their market Weve compiled a list of five common approaches weve seen followed across a variety of successful healthcare provider organizations Planning across multiple time horizons has becoming increasingly important because of industry reform Aligning plans models and budgets    See Answer
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In the topic of organizational accounting, why is the budgetimportant in medical clinics or hospitals?

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